Page 5 - Earnings

RIL Q4FY24 preview: Top metrics that analysts will watch out for today

As of 12:10 pm, the shares were trading 0.23 per cent higher at Rs 2,948.40, as compared to S&P BSE Sensex, which was trading 0.55 per cent higher at 73,487.50 levels

Q4 earnings, global trends major triggers for markets this week: Analysts

Worries related to the Iran-Israel conflict, quarterly earnings and foreign investors' trading activity are the key factors that would dictate stock markets this week, analysts said. Besides, trends in Brent crude oil and movement of the rupee against the dollar will also be crucial factors. This week will be crucial for the market amid ongoing worries about the conflict between Iran and Israel, said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd. "If tensions escalate significantly, there's a risk of panic selling and increased volatility across global stock markets. Moreover, the market will be keeping a close eye on fluctuations in crude oil prices, as geopolitical events frequently impact them. "Investors will also be watching for important earnings of Tech Mahindra, Bajaj Finance, Nestle, Bajaj Finserv, HCL Technologies and Maruti," Gour said. HDFC Bank on Saturday reported a 2.11 per cent growth in consolidated net profit to Rs 17,622.38 crore for the March

Mkts to track geopolitical events in holiday-shortened week: Analysts

Geopolitical events, macroeconomic data and quarterly earnings of corporates would guide the stock market in a holiday-shortened week ahead, analysts said. Stock markets will remain closed on Wednesday for Ram Navami. "This week promises to be crucial for the market as fresh worries about a potential conflict between Iran and Israel emerge. Any significant escalation in tensions could trigger panic selling and volatility in global equity markets. The market will also be closely monitoring the movement of crude oil prices, which are often impacted by geopolitical events," said Santosh Meena, Head of Research, Swastika Investmart Ltd. Investors will be watching for earnings reports from Infosys, Bajaj Auto, and Wipro later in the week, he said. On the macroeconomic front, China's GDP data, US retail sales figures, and movements in the US bond yields and the dollar index will be important factors influencing market sentiment, Meena added. Shares of TCS will remain in focus on Monday.

Global trends to guide mkts this week amid lack of local triggers: Analysts

Indian stock markets are expected to be driven mostly by global factors this week amid a lack of local triggers and earnings season largely coming to an end, say analysts. Crude oil prices, rupee movement and US Federal Reserve meeting minutes to be released this week will also influence the market sentiment. "With the earnings season behind us, global cues would largely dictate the trend in the coming week," Ajit Mishra, SVP - Technical Research, Religare Broking Ltd, said. Markets traded volatile in the continuation to the prevailing consolidation phase but managed to edge higher. The beginning was subdued, however, gradual recovery in the following sessions not only pared losses but also helped the index to close around the week's high, Mishra said. Due to robust macroeconomic data, domestic markets concluded the previous week on a positive note, with the frontline indices gaining more than a per cent. Sensex settled at 72,426.64 and Nifty at 22,040.70. The markets also got sup

United Breweries Q3 results: Profit at Rs 84.85 crore, revenue up 12.3%

The Kingfisher beer maker reported a standalone profit of Rs 84.85 crore (nearly $10 million) for the quarter ended Dec. 31, compared with a loss of Rs 2.1 crore a year earlier

Lyft guarantees weekly earnings in a bid to lure more drivers

Last year about 15% of Lyft drivers across United States earned less than 70% of what riders paid, after external fees, but Lyft assured to pay difference if drivers made below 70% at end of week

Fuel retailers post Rs 69K cr profit in Apr-Dec, higher than pre-oil crisis

State-owned fuel retailers Indian Oil Corporation, Bharat Petroleum Corporation Ltd and Hindustan Petroleum Corporation Ltd reported bumper profit totalling over Rs 69,000 crore in the first nine months of the current fiscal which far exceeded their annual earning in pre-oil crisis years. The combined net profit of IOC, BPCL and HPCL in April-December FY24 was better than their annual earning of Rs 39,356 crore in pre-oil crisis year, regulatory filings by them showed. The retailers have resisted calls to revert to daily price revision and pass on softening in rates to consumers on grounds that prices continue to be extremely volatile - rising on one day and falling on the other - and that their past losses have not been fully recouped. The three companies, which control roughly 90 per cent of India's fuel market, 'voluntarily' have not changed petrol, diesel and cooking gas (LPG) prices for almost two years now, resulting in losses when input cost was higher and profits when raw .

RBI interest rate decision, global trends to dictate stock mkts: Analysts

Stock markets will be driven by quarterly earnings by index majors, global trends and the RBI's interest rate decision this week after digesting news on budget proposals and US Federal policy outcome, say analysts. The trading activity of foreign investors and the movement of global oil benchmark Brent crude would also dictate trends in equities. "On the domestic front, the MPC (Monetary Policy Committee) meeting is scheduled from February 6-8. The Q3 quarterly results season will continue to remain in focus. Bharti Airtel, Power Grid, Nestle, Lupin and Tata Power will announce their results this week," said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd. Market participants will be keeping an eye on the movement of the rupee against the dollar and crude oil prices, Gour said. Investments by Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs) will also be monitored, he added. "With the US Fed and interim Budget now behind, all eyes w

Canara Bank Q3 profit jumps 29% to Rs 3,656 crore, NII rises 9.5%

State-owned Canara Bank on Wednesday posted a 29 per cent increase in its profit at Rs 3,656 crore in the third quarter ended December 2023. The bank had earned a net profit of Rs 2,832 crore in the same quarter a year ago. Total income increased to Rs 32,334 crore during the quarter under review against Rs 26,218 crore in the same period last year, Canara Bank said in a regulatory filing. The net interest income of the bank rose by 9.5 per cent to Rs 9,417 crore during the quarter. About asset quality, the bank said its gross Non-Performing Assets (NPAs) declined to 4.39 per cent of the gross loans by the end of December 2023 from 5.89 per cent a year ago. Similarly, net NPAs or bad loans came down to 1.32 per cent from 1.96 per cent at the end of the third quarter of the previous fiscal.

Colgate-Palmolive India Q3 profit jumps 35% to Rs 330 cr on lower expenses

Net profit rose to Rs 330 crore for the quarter ended Dec. 31 from Rs 243 crore rupees a year earlier

Union Bank's Q3 net profit up 60% at Rs 3,590 cr, NIM inches down to 3.08%

The Net Interest Income (NII) of the bank grew by 6.26 per cent to Rs 9,168 crore from Rs 8,628 crore. Other income increased by nearly 15.4 per cent to Rs 3,774.30 crore from Rs 3,270.82 crore

J&K Bank Q3 net profit jumps 35% to Rs 421 crore as bad loans decline

J&K Bank on Saturday reported a 35 per cent rise in net profit to Rs 421 crore in the third quarter ended on December 2023 on the back of a decline in bad loans and improvement in core income. The bank had earned a net profit of Rs 311 crore in the October-December quarter of 2022. The total income of the bank increased to Rs 3,063 crore in the quarter as compared to Rs 2,682 crore in the December quarter of the previous fiscal, J&K Bank said in a regulatory filing. The bank's interest income rose during the third quarter of the current fiscal to Rs 2,881 crore, as against Rs 2,441 crore in the same period last fiscal. The gross non-performing asset (NPA) ratio improved to 4.84 per cent as of December 31, 2023, as against 7.25 per cent as of December 31, 2022. Similarly, the net NPA also declined to 0.63 per cent as compared to 2.08 per cent at the end of December 2022. Provision coverage ratio as of December 31, 2023, is 91.61 per cent without taking into account the floating

ICICI Bank's Q3 profit at Rs 10,272 cr on account of strong loan growth

Indian lenders have been reporting double-digit loan growth consistently over the past few months owing to higher demand, but rising deposit costs have squeezed their margins

HDFC AMC PAT surges 32% to Rs 488 cr, income up 23% in Oct-Dec quarter

HDFC Asset Management Company Ltd (HDFC AMC) on Thursday reported a 32 per cent year-on-year jump in profit after tax (PAT) at Rs 488 crore for the three months ended December 2023. In comparison, the company had posted a PAT of Rs 369.16 crore in the year-ago period, HDFC AMC said in a regulatory filing. The company's total income surged 23 per cent year-on-year to Rs 814.17 crore in the October-December quarter of the current fiscal (FY24), from Rs 663 crore in the year-ago period. During the period ended December 31, 2023, the asset management firm paid a final dividend of Rs 48 per equity share (face value of Rs 5 each) for the year ended March 31, 2023. For the nine months ended December 31, 2023, the company clocked a PAT of Rs 1,402 crore and total income of Rs 2,312.14 crore. HDFC AMC is an investment manager for HDFC Mutual Fund, one of the largest mutual funds in the country. Shares of HDFC AMC were trading 2.30 per cent higher at Rs 3,496.25 on the BSE.

Lupin's net profit jumps nearly four-fold on strong US growth, stock up

US sales cross $200 million for the first time in two years, beat analyst expectations

Devyani International posts 43% drop in Q2 profit amid rise in raw material

Consolidated net profit fell to Rs 33.35 crore ($4.01 million) for the second quarter ended September 30, from Rs 58.76 crore a year ago

Olectra Greentech's PAT nearly triples to Rs 19 cr in Q2 on higher revenues

Electric vehicles manufacturer Olectra Greentech's profit after tax nearly tripled to Rs 18.58 crore in September quarter 2023-24 mainly on the back of higher revenues. In the year-ago period, the PAT was Rs 7.42 crore, a company statement said. Revenue for Q2 FY24 was Rs 307.16 crore as against Rs 177.34 crore earlier. It said the revenue grew due to increase in vehicle deliveries. During the quarter under review, Olectra delivered 154 electric vehicles, against 111 delivered in the same period of 2022-23, it stated. The company has delivered over 1,437 electric vehicles till date. Strong demand continues with the total number of bus orders on hand at 8,208 units, it stated. The company reported Earnings Per Share (EPS) of Rs 4.40 for the half year ended September 30, 2023, compared to Rs 2.95 for the year-ago period. During the first half of 2023-24, the PAT was Rs 36.65 crore, up 52 per cent, compared to the same period a year ago. Revenue was Rs 523.18 crore, up 14 per cent

Q2 earnings, global trends, trading activity to drive market: Analysts

The ongoing quarterly earnings report card of corporates, global trends and trading activity of foreign investors are key factors to drive the momentum in the equity markets this week, analysts said. Moreover, markets would also focus on global oil benchmark Brent crude and the rupee-dollar trend. "On the domestic front, the upcoming release of Q2 earnings report is expected to have a significant influence on market sentiment. If FIIs (Foreign Institutional Investors) shift to net buying, it could further propel the market's upward movement," Swastika Investmart Ltd Head of Research Santosh Meena said. While geopolitical concerns persist, they have had limited impact on the market's overall trajectory, Meena said, adding that the resilience of global markets will be crucial in determining the sustainability of this positive momentum. From the macroeconomic front, the industrial production data is scheduled to be announced on Friday after market hours. "Global and domestic ...

More cos have managed to beat profit estimates in Q2FY24: ICICI Securities

This has led to an upward revision in earnings growth estimates for FY24 as well as FY25

Karnataka Bank Q2 result: Net profit declines 20% to Rs 330 crore

Karnataka Bank on Thursday reported a 20 per cent decline in its net profit to Rs 330 crore in the second quarter ended September. The lender had posted a net profit of Rs 412 crore in the year-ago period. Total income in the second quarter of the current fiscal rose to Rs 2,276 crore from Rs 2,031 crore in the same period a year ago, Karnataka Bank said in a regulatory filing. The net interest income (NII) of the bank improved to Rs 822 crore as against Rs 802 crore in September 2022. The bank's asset quality showed marginal decline as gross non-performing assets (NPAs) rose to 3.47 per cent of gross advances at the end of the September quarter from 3.36 per cent a year ago. However, net NPAs or bad loans declined to 1.36 per cent as against 1.72 per cent in the year-ago period.